10 Year Rent Increase

Mike ReedUncategorized

September 2013 I would estimate that I have been investing for a full property cycle in the Bay of Plenty (12 years) Graph 1 . Red Mount MaunganuiYellow TaurangaBlue TaupoGreen Rotorua We all know what the capital growth in our properties have been but what about the growth in rental prices. I needed this information when preparing a cash flow budget … Read More

How to beat the competition

Mike ReedUncategorized

July 2013 How to keep tenants long term Two of my 5 year plus tenants have moved in the last year, thus the thought,was it skill or luck to keep them that long. Some luck, you cannot always tell, or will be told, or they simply don’t knowtheir long term intentions. Skill, I think plays a large part.Present a warm, … Read More

Adding Value To Your Property

Mike ReedUncategorized

Adding value to properties From 2001 to 2011 I called myself a full time property investor. I specialised in finding run down 1960s & 70s houses, modernising, fixing any problems then renting them. I also traded properties on a rising market, adding value by a cosmetic reno, subdividing large sections then selling. In my experience the most important advice that you can … Read More

Get To Know Your Roof

Mike ReedUncategorized

Get to know your roof Except for re-cladding your house, your roof can be the next most expensive item you may need to replace. Is $8000 – $12000 budgeted for repairs or maintenance and will this cost blow out those cash flow neutral properties for the next 5 years. My first investment property I purchased 12 years ago, I paid for a … Read More